Lucid Group (LCID) Company Report

Lucid Group, Inc. completed a private offering of $975,000,000 aggregate principal amount of its 7.00% Convertible Senior Notes due 2031 on November 17, 2025.
The net proceeds from the offering, approximately $962.4 million, were primarily used to repurchase approximately $755.7 million in aggregate principal amount of its 1.25% Convertible Senior Notes due 2026 for approximately $752.2 million, with the remaining proceeds allocated for general corporate purposes.
The new notes have an initial conversion price of approximately $20.81 per share, which represents a 22.5% premium over the last reported sale price of Lucid's common stock on November 11, 2025.
In connection with the pricing of the notes, Ayar Third Investment Company entered into a privately negotiated prepaid forward transaction to purchase approximately $636.7 million of Lucid's common stock.

Nov 17, 2025, 9:05 PM

8-K

Lucid Group Closes $975 Million Convertible Senior Notes Offering

LCID

Debt Issuance

Convertible Preferred Issuance

Lucid Group closed a $975.0 million offering of convertible senior notes due in November 2031, generating approximately $962.4 million in net proceeds.
The company used approximately $752.2 million of these net proceeds to repurchase $755.7 million of its existing 1.25% convertible senior notes due 2026.
The remaining net proceeds are intended for general corporate purposes, which strengthens the company's balance sheet for long-term growth.
Lucid retains the flexibility to settle conversions in cash, stock, or a combination, allowing for management of potential dilution and cash obligations.

Nov 17, 2025, 9:05 PM

Press Release

Lucid Group Announces Proposed Convertible Senior Notes Offering

LCID

Debt Issuance

Lucid Group, Inc. announced a proposed private offering of $875,000,000 aggregate principal amount of Convertible Senior Notes due 2031, with an option for initial purchasers to buy an additional $100,000,000.
The net proceeds from this offering are intended to be used to repurchase a portion of the existing 1.25% Convertible Senior Notes due 2026 and for general corporate purposes.
Ayar Third Investment Company, a subsidiary of the Public Investment Fund of Saudi Arabia, will enter into a prepaid forward transaction, and Lucid will pay Ayar a periodic cash fee, initially at a rate of 0.5% per annum.

Nov 12, 2025, 1:34 PM

8-K

Lucid Group Prices Convertible Senior Notes Offering

LCID

Debt Issuance

Convertible Preferred Issuance

Lucid Group priced an offering of $875,000,000 aggregate principal amount of 7.00% convertible senior notes due 2031.
The notes have an initial conversion price of approximately $20.81 per share, representing a 22.5% premium over the November 11, 2025 closing price of $16.99 per share.
Lucid estimates net proceeds of approximately $863.5 million, intending to use $752.2 million to repurchase $755.7 million of its outstanding 1.25% Convertible Senior Notes due 2026, with the remaining proceeds for general corporate purposes.
Concurrently, Ayar Third Investment Company entered into a privately negotiated prepaid forward transaction to purchase approximately $636.7 million of Lucid's common stock.

Nov 12, 2025, 9:51 AM

Press Release

Lucid Group Announces Proposed Convertible Senior Notes Offering

LCID

Debt Issuance

Share Buyback

Lucid Group announced its intention to offer $875,000,000 aggregate principal amount of convertible senior notes due 2031 in a private offering.
The company expects to grant the initial purchasers an option to purchase up to an additional $100,000,000 principal amount of notes.
Lucid intends to use the net proceeds to repurchase a portion of its outstanding 1.25% Convertible Senior Notes due 2026 and for general corporate purposes.
The Public Investment Fund of Saudi Arabia ("PIF"), through its wholly-owned subsidiary Ayar Third Investment Company, will enter into a privately negotiated prepaid forward transaction to demonstrate ongoing support for Lucid.

Nov 11, 2025, 9:15 PM

Press Release

Lucid Group Reports Record Q3 2025 Revenue and Deliveries, Secures Significant Funding

LCID

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Lucid Group achieved record quarterly revenue of $336.6 million and record deliveries of 4,078 vehicles in Q3 2025, representing 47% year-over-year growth in deliveries. The company reported a Q3 GAAP diluted net loss per share of $(3.31).
The company significantly strengthened its liquidity position, closing a $300 million strategic investment from Uber and agreeing with the Public Investment Fund (PIF) to increase the delayed draw term loan facility to approximately $2 billion, resulting in a pro forma total liquidity of approximately $5.5 billion.
Lucid launched a strategic collaboration with NVIDIA for L4 autonomy and delivered the first Lucid Gravity engineering vehicles to Nuro for deployment of Uber robotaxis, with San Francisco targeted as the first city in 2026.

Nov 5, 2025, 10:30 PM

Presentation

Lucid Group Reports Record Q3 2025 Deliveries and Strengthens Liquidity

LCID

Earnings

Guidance Update

New Projects/Investments

Lucid Group reported record Q3 2025 deliveries of 4,078 vehicles, a 47% year-over-year increase, driving $337 million in revenue, up 68% year-over-year, though Adjusted EBITDA remained negative $718 million.
The company expects the Gravity to make up the majority of Q4 production and anticipates total year-end production to be around 18,000 units. The first variant of the midsize platform remains scheduled for Start of Production (SOP) at the end of 2026.
Lucid strengthened its liquidity by increasing its delayed short-term loan facility with the Public Investment Fund (PIF) to approximately $2 billion, extending its financial runway into the first half of 2027.
Strategic partnerships include a $300 million investment from Uber for robotaxi deployment starting in 2026 and a collaboration with NVIDIA for Level 4 autonomous driving capabilities.

Nov 5, 2025, 10:30 PM

Transcript

Lucid Group, Inc. Announces Q3 2025 Financial Results and Increased Credit Facility

LCID

Earnings

Debt Issuance

New Projects/Investments

Lucid Group, Inc. reported Q3 2025 revenue of $336.6 million, marking a 68% increase compared to Q3 2024. This was supported by a 116% rise in vehicle production to 3,891 units and a 47% increase in deliveries to 4,078 units.
Subsequent to the quarter end, the company and the Public Investment Fund (PIF) agreed to increase the delayed draw term loan credit facility (DDTL) from $750 million to approximately $2.0 billion. This increase would have raised Lucid's total liquidity at quarter end to approximately $5.5 billion, up from an actual $4.2 billion, with the DDTL facility remaining undrawn.
Operationally, Lucid announced a strategic collaboration with NVIDIA for Level 4 autonomous driving technology, delivered the first vehicles for Nuro's robotaxi engineering fleet, and completed Uber's $300 million strategic investment.

Nov 5, 2025, 9:10 PM

8-K

Lucid Announces Organizational Changes

LCID

Management Change

New Projects/Investments

Revenue Acceleration/Inflection

Lucid Group announced organizational changes on November 5, 2025, aimed at accelerating growth, streamlining decision-making, and enhancing accountability as the company scales globally.
Emad Dlala was appointed Senior Vice President, Engineering and Digital, with an expanded role overseeing all product development functions, while Erwin Raphael was elevated to Senior Vice President, Revenue, with expanded global responsibilities for sales and service operations.
Marnie Levergood was appointed Senior Vice President, Quality, succeeding Jeri Ford, who is retiring.
Eric Bach, Senior Vice President of Product and Chief Engineer, has departed Lucid.

Nov 5, 2025, 9:06 PM

Press Release

Lucid Group Announces Third Quarter 2025 Financial Results

LCID

Earnings

New Projects/Investments

Debt Issuance

Lucid Group reported Q3 2025 revenue of $336.6 million.
The company produced 3,891 vehicles in Q3 2025, an increase of 116% compared to Q3 2024, and delivered 4,078 vehicles, up 47% compared to Q3 2024.
Subsequent to quarter end, the Public Investment Fund (PIF) and Lucid agreed to increase the delayed draw term loan credit facility (DDTL) from $750 million to approximately $2.0 billion, which would have increased Lucid's total liquidity to approximately $5.5 billion from an actual $4.2 billion at quarter end.
Lucid announced a strategic collaboration with NVIDIA to co-develop next-generation Level 4 autonomous driving technology.
Uber's $300 million strategic investment in Lucid was completed, and the first Lucid vehicles were delivered into the robotaxi engineering fleet for Nuro, with an initial rollout announced for San Francisco in 2026.

Nov 5, 2025, 9:05 PM

Press Release

Filings & Transcripts

View All Documents

Recent SEC filings and earnings call transcripts for LCID.

No recent filings or transcripts found for LCID.